Question

(7). Sudhir lent 2000 at compound intrest at 10%
payable yearly, while Prakash lent 2000 at
compound intrest at 10%. payable half yearly.
Find the difference between the interest recieved
by sudhir and Prakash at the end of the year.
Sol.​

Answer 1

Step-by-step explanation:

SUDHIR-

A=Px(1+R/100)^T

   =2000x(1+10/100)

   =2000x110/100

   =2200

CI=2200-2000

   =200

PRAKASH-

A=P(1+R/2/100)^2T

  =2000(1+10/200)^2

  =4410

CI=4410-2000

   =1410

DIFFERENCE=1410-200

                      =1210

HOPE YOU GOT YOUR ANSWER........